Browsing: Bank of Athens

South Africa’s cellular operators have been trying for years to crack the mobile commerce code, but haven’t been able to repeat the successes they’ve had in countries such as Kenya, Tanzania and Uganda. MTN, working with Pick n Pay, may just have found the key to success at

In a move that will be regarded as a direct challenge to South Africa’s big banks, retailer Pick n Pay and mobile operator MTN have taken the wraps off a new, low-cost banking solution and free money transfer service that will be offered to consumers who sign up for a

MTN and Pick n Pay are poised to launch a mobile bank. Called Tyme, which stands for “take your money everywhere”, the venture will piggyback on the banking licence held by Bank of Athens. Tyme hopes to make mobile money transfers and mobile banking commonplace in South Africa, where consumers